Ms Norris,
I sell life indsurance products and mutual funds.
I receive an upfront commission for selling these products and a small renewal from insurance and a 12-b1 fee from mutual funds. This compensation is needed to keep my clients accounts serviced, there are portfolio rebalances, withdrawals, changes in beneficiaries and other account servicing need. The small 12-b1 fees helps offset the expense for providing these client services, and my clients want me to do this for them and not depend on a stranger on the other end of a complicated phone in system.
Please keep the 12-b1 fees and a healthly representative to service mutual funds over the years.
Sincerely
Herbert Wayne Harrell
Wayne Harrell,CLU
Chartered Financial Consultant
13760 Noel Rd Suite 330
Dallas, TX 75240
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